Overview

Routable is a B2B bill payment platform designed to help businesses simplify and secure their payment processes. By automating the entire payment process, Routable enables companies to accelerate their business payments. With secure bill payment options, the platform reduces the need for manual intervention. It automatically routes invoices, collects revenue, and updates payment records in the user’s preferred location. This automation saves time and effort for accountants, freeing them up to focus on other tasks. Additionally, Routable offers a powerful API that allows companies to integrate the platform and start sending and receiving payments within minutes. To ensure the security of business payments and data, Routable provides enterprise-ready compliance and security measures. The platform is SOC 2 certified and continuously scans for vulnerabilities. With Routable, organizations can effectively manage their financial team, including CFOs, controllers, developers, and accountants.

Expert review of Routable

Routable: Streamline Your Accounts Payable Process

Introduction

Routable is a powerful software solution designed to simplify and automate the accounts payable process for businesses of all sizes. By offering a comprehensive set of features and a user-friendly interface, Routable aims to eliminate the hassle of manual payment processes, reduce errors, and improve efficiency. In this review, we will explore the key features, use cases, pros, and cons of Routable, allowing you to make an informed decision about implementing it in your organization.

Key Takeaways

  • Routable streamlines the accounts payable process, saving time and reducing manual errors.
  • The software offers a comprehensive set of features, including automated invoicing, payment approvals, and payment tracking.
  • Routable integrates seamlessly with popular accounting software, enhancing compatibility and ease of use.
  • With its user-friendly interface, Routable ensures a smooth onboarding process and easy adoption for users.

Table of Features

Here is a breakdown of the key features offered by Routable:

FeatureDescription
Automated InvoicingGenerate and send invoices automatically, reducing manual effort and improving accuracy.
Payment ApprovalsEnable multi-level payment approval workflows, ensuring compliance and control.
Payment TrackingTrack payments in real-time, providing visibility into the status of each transaction.
Vendor ManagementManage vendor information, track communication, and maintain a centralized database.
Integration with ERPSeamlessly integrate with popular accounting software, syncing data in real-time.
Reporting and AnalyticsAccess comprehensive reports and analytics to gain insights into payment trends.

Use Cases

Routable caters to a wide range of use cases across various industries. Here are a few examples:

  • Small and Medium-sized Businesses (SMBs): Routable is an excellent choice for SMBs looking to streamline their accounts payable processes without investing in complex and expensive solutions. The software's user-friendly interface and affordable pricing make it an attractive option for these businesses.
  • E-commerce Companies: With the rise of online businesses, managing payments to suppliers and vendors can become a daunting task. Routable simplifies this process by automating invoicing, payment approvals, and tracking, allowing e-commerce companies to focus on their core operations.
  • Enterprises: Large organizations with complex payment workflows can benefit from Routable's multi-level payment approval feature. The software provides the necessary control and compliance required by these enterprises, ensuring seamless payment processing.

Pros

  • Easy to Use: Routable's intuitive interface makes it easy for users to navigate through various features, reducing the learning curve and ensuring quick adoption.
  • Time-Saving Automation: By automating invoicing, payment approvals, and tracking, Routable eliminates the need for manual effort, saving time and reducing errors.
  • Seamless Integration: Routable integrates smoothly with popular accounting software, such as QuickBooks and Xero, ensuring data synchronization and enhancing compatibility.
  • Excellent Customer Support: Routable offers responsive customer support, providing timely assistance to users and resolving queries effectively.

Cons

  • Limited Customization Options: While Routable offers a comprehensive set of features, some users may find the customization options to be limited. Additional flexibility in tailoring the software to specific business needs would be beneficial.
  • Lack of Advanced Reporting: Although Routable provides reporting and analytics functionality, some users may require more advanced reporting features for in-depth analysis.

Recommendation

Routable is an excellent choice for businesses looking to streamline their accounts payable processes. Its user-friendly interface, time-saving automation, and seamless integration with accounting software make it a powerful tool in improving efficiency and reducing manual errors. While some users may desire more customization options and advanced reporting features, Routable's overall performance and ease of use make it a solid investment for organizations of all sizes.

In conclusion, Routable is a reliable and efficient software solution that simplifies the accounts payable process. Its robust set of features, user-friendly interface, and seamless integration make it a recommended choice for businesses seeking to streamline their payment workflows.

Routable Pricing Model

Quotation Based

Features

  • Contact Database
  • Online Payments
  • Online Invoicing
  • Invoice History
  • Customer Portal
  • Quotes (Estimates)
  • Project Billing
  • Mobile Payments
  • Hourly Billing
  • Customizable Invoices
  • Multi-Currency

Technical Details

Author

David Bond

David Bond

Senior editor

David is a well-known advocate for the implementation of cloud-based solutions and automation tools for small businesses. He strongly believes that this technology solutions for small businesses and startups are the thing that provide true edge on the market. He writes primarily about project management and sales software.

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